Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against ApeX Omni+0.861%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$652as in the Funding arb table

Net, price: spread back to 7d avg − costs−$574as in the Price arb table

costs, in and out, $10k−$6486.481% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.740%−$74 · spread now +0.861%, 7d avg +0.121%

Together, before fees−0.777%−$78 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.740% dearer against ApeX Omni than usual: you sell high and buy low, +$74 on $10k if it goes back to its 7-day average of +0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METUSDT	0.2903	0.0100	pay 0.0013% / 1h	11m 00s	$37K	$112K	50x
Short	OKX MET-USDT-SWAP	0.2928	0.0100	get 0.0050% / 4h	11m 00s	$1.3M	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee OKXbpOrdersPrice spread, now +0.861%Rate

Funding earned: $0
Price spread: +0.861% → +0.121%: $74.01
Slippage, 4 orders: −$628.1
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$574.09
Costs to cover: 6.481%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 28 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 28 min ago	37.71 bp	294.1 bp −$294	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.44 bp	24.2 bp −$24	105.7 bp −$1,057	doesn't fit	doesn't fit

MET on 16 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix MET	−0.0247%	1h	0.2909	+0.200%	$14K	$12K	5x	as long as short
GMX MET/USD [WBTC.b-USDC]	L −0.0021% / S +0.0133%	1h	0.2925	+0.759%	$9K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2936	+1.137%	$174K	$432K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2932	+1.006%	$4.0M	$1.8M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2931	+0.954%	$53K	$23K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2929	+0.896%	$5.0M	$12.9M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2928	+0.861%	$5.1M	$3.3M	25x	as long as short
OKX MET-USDT-SWAPshort	+0.0100%	4h	0.2928	+0.861%	$1.3M	$3.6M	20x
Gate MET_USDT	+0.0100%	4h	0.2925	+0.758%	$195K	$207K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2928	+0.861%	$989K	$343K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2929	+0.896%	$1.3M	$2.8M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2930	+0.930%	$740K	$792K	25x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2903	long leg	$37K	$112K	50x
SunX MET-USDT	+0.0100%	4h	0.2931	+0.965%	$2K	$1.5M	20x	as long as short
BloFin MET-USDT	+0.0340%	4h	0.2903	0.000%	$297K	$131K	50x	as long as short
Backpack MET_USDC_PERP	+0.0357%	1h	0.2932	+0.989%	$336K	$243K	5x	as long as short